US economy keeps growing, Astrazeneca CEO describes challenges: Catalysts

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The US economy grew faster than expected in the second quarter as GDP (gross domestic product) increased at a 2.8% annual pace. BlackRock global chief Investment Strategist Wei Li and EY chief economist Greg Daco joined the show to give insight into the state of the economy and what this economic expansion means for potential interest rate cuts from the Federal Reserve.

AstraZeneca (AZN) reported a second-quarter earnings beat, raising their full-year guidance due to strong demand. However, the company faced some pressure in areas like operating costs. AstraZeneca CEO Pascal Soriot joined to discuss the company's recent performance and the company's strategy for navigating challenges.

In a speech Wednesday night, President Biden explained his decision to withdraw from the 2024 election and "pass the torch to a new generation" after endorsing Vice President Kamala Harris as the Democratic nominee. More than 350 foreign policy and national security leaders, including former secretaries of state and defense, signed an open letter on Tuesday endorsing Vice President Kamala Harris in the 2024 presidential election. Former Congressman Patrick Murphy (D-PA) signed the letter and joined the show to discuss why he is backing Harris.

Shares of ServiceNow (NOW) are rising after the company posted second quarter results that beat Street estimates on both the top and bottom lines. The company also raised its full-year outlook, lifting its subscription revenue guidance to a range of $2.66 billion to $2.67 billion.
ServiceNow CFO Gina Mastantuono joined to discuss the company's performance and strategies for customer demand for AI services.

The tech sector dragged the major indexes (^GSPC, ^DJI, ^IXIC) lower earlier this week, following underwhelming reports from Magnificent Seven tech stocks. Harvest Portfolio Management CIO and partner Paul Meeks joined to give his perspective on the market

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